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What does a salvage title do to the cost a car?

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Answered 2008-05-24 06:22:26

If it's not driveable it's worth 20-25% of the value of a comparable clean titled car. If it's reconstructed and roadworthy it's worth 60% of the value of a comparable clean titled car.

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That means that at some point the car was wrecked so severely that the cost to repair it exceeded 75% of the value of the car. The car was therefore totaled and sold to a salvage yard. The salvage yard sold the car to someone who repaired it and sold it with the required salvage title. You should have noticed the salvage title when you bought the car.


If it was a salvage car that you rebuilt and now have a clean title for yes, you can sell it as long as you inform the buyer that it was a salvage car.


The salvage title has to do with obtaining a loan on the car. However, I would disclose it.


It means that the car was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage. It is a clean original title on a car that in most cases should have been transferred as a salvage title, but for whatever reason was not.


You can register with a salvage title.


You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.


A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.


A salvage title can be caused by a car having been damaged in a previous wreck also if a car has been previously stolen and the owner was already given a replacement before the car was found then the stolen car may receive a salvage title


The title itself will sate that the car is a salvaged vehicle.


It's not legal, ethical, or possible. A salvage title is a permanent brand. DON'T DO IT!!


Nope. Not legally anyway. The best you can do is totaled/reconstructed' if the car is roadworthy. Once issued a salvage title a car can never be issued a clean title legitimately.


what happens if you buy a car unaware of salvage title? well, if it was from a dealer you have recourse. if it's from a private seller, too bad...UNLESS they sold you the car with a clean title when they knew it was salvage. did you look at the title before you bought the car? if it was clearly branded as salvage or totaled you're out of luck but if it was a clean title when it actually wasn't you can try and get a refund from the seller or sue. If you sue you will have prove the seller knew the title was salvage at the time of sale. good luck!!


No, the warranty is void on a salvage vehicle.


In general, yes. However, to do so lawfully, a new title has to be issued, usually called a "salvage title".


Yes you do have disclose a salvage titled vehicle.


Well, if you knowingly traded in a salvage/rebuilt car with a wrong/clean title he has the right to sue you for the extra money he gave you for your trade in since a salvage car is worth roughly 40% less than a comparable clean titled car. Did you sign over a salvage title when you traded the car in? If so, he has no legal recourse since the salvage title is clearly marked and it's his problem.


Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.


apply for a salvage or lost title at the department of motor vehicles


I am sure it is similar to a Salvage title. The car has been wrecked and repaired.


depends on where you live, if you live in NY then you need to transfer the title to a NY salvage title. Then, you can apply for a reconstructed title there. Here in NJ, dont have a "reconstructed title". you have to apply for a salvage inspection so that theyll give you a clear title.


Once a salvage title always a salvage title. You may get totaled/reconstructed or some other wording but the car will never be clean again, it will remain branded and it is illegal to do otherwise.To remove the 'salvage' on the title would defraud the next buyer. It would be unethical and probably illegal.


Once a vehicle has an Ohio Salvage title assigned, the history remains with that VIN until the vehicle is scrapped. The Registrar in your county will issue a Repaired Salvage , or "branded" Title that you can get your license plates with. You cannot obtain a Clear title for this car.


Once a salvage always a salvage or totaled/reconstructed; you cannot legally get a clear title the brand will remain. A reconstructed and roadworthy salvage car is worth 60% of the value of a comparable clean titled car. If it's still salvage maybe 25% of the value of a comparable clean titled car.


Salvage title means it is a "title" that can be ugraded into rebuilt/prior salvage depending where you live in America. Certificate of Salvage is not a title and can never be a title it is just a certificate saying that the MVA is giving you proof that you own this parts car or what ever it is. It is never allowed to drive on public roads even after you fix it. -The Muslim guy


Depends on the existing title, if the salvage company owns the vehicle and it does not have a salvage title then they would be just another owner like anyone else and this vehicle would have a clean title assuming that there are no lean holders. On the other hand if the vehicle in question has already received a salvage/non repairable or similar title then salvage/non repairable or similar title would follow the vehicle not a clean title.



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